Freshpet Inc to Post Q4 2018 Earnings of $0.10 Per Share, Imperial Capital Forecasts (FRPT)

Freshpet Inc (NASDAQ:FRPT) – Stock analysts at Imperial Capital increased their Q4 2018 earnings per share (EPS) estimates for Freshpet in a note issued to investors on Tuesday, November 6th. Imperial Capital analyst G. Kelly now forecasts that the company will post earnings of $0.10 per share for the quarter, up from their prior forecast of $0.08. Imperial Capital has a “In-Line” rating and a $35.00 price target on the stock. Imperial Capital also issued estimates for Freshpet’s Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.23 EPS and FY2020 earnings at $0.61 EPS.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). Freshpet had a negative net margin of 3.07% and a negative return on equity of 4.88%. The business had revenue of $47.60 million during the quarter, compared to analyst estimates of $46.08 million. During the same period last year, the firm posted ($0.08) earnings per share. Freshpet’s quarterly revenue was up 23.0% compared to the same quarter last year.

FRPT has been the topic of several other reports. BidaskClub lowered Freshpet from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Stifel Nicolaus boosted their price target on Freshpet from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised Freshpet from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, July 18th. Robert W. Baird upped their target price on Freshpet from $27.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, July 30th. Finally, Credit Suisse Group upped their target price on Freshpet from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.57.

Shares of FRPT opened at $36.93 on Wednesday. Freshpet has a 52-week low of $15.67 and a 52-week high of $40.58. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -307.75 and a beta of 1.55.

Large investors have recently modified their holdings of the company. Barclays PLC raised its position in shares of Freshpet by 130.3% during the first quarter. Barclays PLC now owns 9,283 shares of the company’s stock worth $153,000 after purchasing an additional 5,253 shares during the period. SG Americas Securities LLC purchased a new stake in Freshpet in the 3rd quarter valued at $206,000. Wedge Capital Management L L P NC purchased a new stake in Freshpet in the 2nd quarter valued at $217,000. IFG Advisory LLC purchased a new stake in Freshpet in the 3rd quarter valued at $234,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Freshpet in the 2nd quarter valued at $263,000. 72.97% of the stock is currently owned by institutional investors.

In other news, CFO Richard A. Kassar sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $33.85, for a total transaction of $677,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott James Morris sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $34.82, for a total value of $870,500.00. Following the transaction, the insider now directly owns 166,214 shares in the company, valued at $5,787,571.48. The disclosure for this sale can be found here. Insiders have sold 76,096 shares of company stock worth $2,639,500 over the last ninety days. 5.10% of the stock is owned by insiders.

About Freshpet

Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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Earnings History and Estimates for Freshpet (NASDAQ:FRPT)

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